DBS set a new benchmark for transaction banking in Taiwan in 2024, sequencing upgrades that target cross-border friction and domestic operating bottlenecks.
The centrepiece of its achievements was its TWD clearing solution for financial institutions. Purpose-built for repetitive sub-TWD500,000 payments, the feature digitises the capture and reuse of payment-purpose declarations while delivering full Swift GPI transparency and robust reporting. As the first digital clearing solution of its kind aimed at foreign financial institutions, it meaningfully expands counterparties’ TWD payout capabilities and marks a step-change in Taiwan’s cross-border infrastructure.
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